How does Verve Money make money?

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The Verve Money app is free to download. We’re here to make achieving goals and investing ethically more accessible for everyone.That’s why we do not charge fees for accounts with a balance of less than $1000, or for withdrawals, transfers between goals or account closures. 

If your account total account balance is greater than $1000, you will be charged a monthly account fee of $4.50 and a percent based investment management fee which depends on the portfolio you select when you complete the goal set up. As the Investment Manager, these fees go towards supporting our operation and improving the tools available to Verve Money investors. For more information on fees please read the PDS and Investment Guide.